China’s 2021 GDP surpasses 114 trillion yuan
BEIJING, 28th February, 2022 (WAM)– China’s gross domestic product (GDP) exceeded 114 trillion yuan (about $18.
1 trillion) in 2021, registering an increase of 8.
1 percent over the previous year and an average growth of 5.
1 percent over the preceding two years, China’s National Bureau of Statistics (NBS) said in a release on Monday.
In 2021, consumption contributed 5.
3 percentage points to GDP growth, with investment making up 1.
1 percentage points and exports 1.
7 percentage points, according to the release.
The country’s total retail sales of consumer goods reached 44.
1 trillion yuan last year, up 12.
5 percent compared to the year before.
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